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Apple investors urge action to curb child gadget addiction
Business
Published in 9-1-2018
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NEW YORK - Two major Apple investors have urged the iPhone maker to help curb smartphone addiction among children, highlighting growing concern about the effects of gadgets and social media on youngsters. New York-based Jana Partners and the California State Teachers' Retirement System said in an open letter to Apple that the company must offer more choices and tools to help children fight addiction to its devices. The two investors collectively control $2 billion worth of Apple shares. "Apple can play a defining role in signaling to the industry that paying special attention to the health and development of the next generation is both good business and the right thing to do," the letter said.
Reference: www.chron.com